January Consumer Sentiment Falls Below Expectations

The preliminary reading of consumer sentiment by Thomson-Reuters and the University of Michigan fell from 82.5 at the end of December to 80.4 in early January. Economists surveyed by Dow Jones Newswires expected a reading of 83.5.

The preliminary current conditions index fell from 98.6 to 95.2 in January, and the expectations index shrank from 72.1 to 70.9. The declines may reflect December’s poor jobs report.

The four-week rolling average for staffing employment eased from 95.60 in June to 94.60 in July, generally consistent with historic July staffing employment patterns, according to the ASA Staffing Index. Temporary and contract staffing employment in July was 1.3% higher than the same month last year. Read more about the ASA Staffing Index at americanstaffing.net. See the Staffing Stat ›

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